Question
Bui Corp. pays a constant $12 dividend on its stock. The company will maintain this dividend for the next nine years and will then cease
Bui Corp. pays a constant $12 dividend on its stock. The company will maintain this dividend for the next nine years and will then cease paying dividends forever.
Required:If the required return on this stock is 10 percent, what is the current share price?(Do not round intermediate calculations.Round your answer to 2 decimal places (e.g.,32.16).)
Current share price$
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Fundamentals Of Corporate Finance
Authors: Jonathan Berk, Peter DeMarzo, Jarrad Harford
5th Edition
9780135811603
